Suraj Estate Developers Limited has informed the Exchange about Investor Presentation
July 26, 2025
To National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (East) Mumbai — 400 051
To BSE Limited Phiroze Jeejeebhoy Towers 21 Floor, Dalal Street Mumbai — 400 001
NSE Symbol: SURAJEST
BSE Scrip Code: 544054
Dear Sir/ Madam,
Sub: Investor Presentation on Unaudited Financial Results for the Quarter ended June 30. 2025
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations”)
Pursuant to Regulations 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We enclose herewith Investor’s Presentation on the Unaudited Financial Results for the Quarter ended June 30, 2025.
The same is also being uploaded on the Company’s website at www.surajestate.com Kindly
take the aforesaid information on record and oblige.
Thanking you,
Yours sincerely,
For Suraj Estate Developers Limited
Company Secretary ICSI Membership No F6958,
SURAJ ESTATE DEVELOPERS LIMITED
Aman Chambers, 3+ Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 2436 0802/ +91022 2432 7656/ +91 022 2436 3471 CIN No. L99999MH1986PLC040873 www.surajestate.com
W
U~ [;A ] Suraj Estate Developers Limited
S
Investor Presentation July 2025
Safe Harbor
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by the trailing restrictions.
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In particular,
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Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking
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other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among
others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological
changes, (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company
may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
Message From The Whole Time Director
Commenting on the performance for Q1FY26, Mr. Rahul Thomas, Whole Time Director, Suraj Estate Developers, said,
“We recorded revenues of 133 crore and a Profit After Tax (PAT) of 321.3 crore for quarter ended June 2025. Despite limited available
inventory during the period, we achieved pre-sales of X81 crore. Importantly, collections remained strong—growing by 60% year-on-
year and 12% quarter-on-quarter, attributable to timely project progress and deliveries and effective collection strategies.
Demand in both the value-luxury residential and commercial segments remains buoyant, and we are actively aligning our pipeline to
capitalize on this trend. During the quarter, we launched Suraj Aureva, a value-luxury offering that has received positive response.
Suraj Parkview 1 has received plan approvals, and we are in advanced stages of securing CC and RERA approvals to enable its launch.
In the commercial segment, we obtained concession plan approvals for our upcoming project and are on track for its launch in H1FY26.
As guided, we remain committed to launching projects with a cumulative GDV of 1,600 crore in H1FY26, with key regulatory and
operational milestones progressing on schedule.
On the delivery front, we have completed three residential projects - Project Nirvana, Louisandra, and Ave Maria. These achievements
reflect our unwavering focus on on-time delivery and project execution.
We remain confident in the underlying market fundamentals and believe our sharp focus on execution, quality delivery, and segmental
strategy positions us well for sustained growth in the quarters ahead.”
»H»
Commercial : Key Growth Driver in FY26
-
Initial Plan
>
> Strategic Change in Plan >
>
New Plan
>
Final Plot No 426-A
Final Plot No 426-B
Size of Land Parcel : 1,500 sqg m
Saleable Area: 1.06 lakhs sq ft
Expected GDV: Rs 475 crores
Year of Land Acquisition 2021
We have completed majority regulatory approvals
Acquired adjoining land parcel in December 2024
Size of Land Parcel:
~1,464 sq m
Saleable Area : 1.03 lakhs sq ft
Expected GDV: Rs 525 crores
Consideration paid : Rs 101 crores
Develop a larger land parcel of ~3,000 sq m
Saleable Area: 2.09 lakhs sq ft
Expected GDV:
Rs 1,200 crores
GDV because of the new plan went up to Rs 1,200crs from Rs 475crs
We are in final stage of regulatory approval and expect to launch the project in H1IFY26
We remain positive on the commercial sector, seeing strong demand, and have strategically changed the launch plan to capitalize on this momentum, with a robust pipeline set for FY26
, !
\
k . . . ‘ . & , . .
‘ _
M \ l
N i , s ? s
N u ' v
Q1FY26 Financial and Operational Highlights
Q1FY26 Operational Performance
T
Sales Area (Sq Ft)
Sales Value (Rs cr)
M Residential [l Commercial
27,431
25,848
140
146
16,524
81
Q1FY25
Q4FY25
Q1FY26
Q1FY25
Q4FY25
Q1FY26
Collections (Rs cr)
Average Realisation (Rs/Sq ft)
115
103
72
51,116
49,028
Q1FY25
Q4FY25
QlFY26
Q1FY25
Q4FY25
QlFY26
»H»
Q1FY26 Operational Performance:
.
.
.
.
While pre-sales softened this quarter due to
constrained inventory, underlying demand in
the value-luxury and commercial segments remains robust.
Collections remained robust despite lower
pre-sales, underscoring the strength of our execution capabilities
Average realizations dropped due to change
in sales composition
During the quarter under review, 64% sales
were from Value luxury projects and 36%
sales were from Luxury Projects
. Consolidated Profit & Loss Statement
InRs Crs
i i
SURA)
Revenue from operations
Other income
Total income
Expenses
Operating and project expenses
Changes in Inventory of CWIP
Employee benefit expenses
Other expenses
Total expenses
EBITDA*
EBITDA Margins (%)
Finance costs
Depreciation and amortisation
PBT
Tax expense:
- Current tax
- Deferred tax charge/ (credit)
Total tax expense
Profit after tax
EPS
*Includes Other Income
»H»
1325
0.7
133.1
73.8
-1.6
5.8
4.9
82.8
50.3
37.8%
20.7
1.1
28.5
8.2
-1.1
7.2
213
4.6
133.7
1.0
134.6
104.0
-43.8
4.8
5.4
704
64.2
47.7%
22.1
1.7
40.4
10.9
-0.7
10.3
30.1
7.0
-1.1%
-21.7%
-29.4%
-30.1%
-29.2%
136.5
0.7
137.2
107.3
-13.8
77
5.2
106.4
30.8
22.4%
4.0
0.8
26.0
37
4.0
7.7
18.3
3.6
-2.9%
63.3%
9.7%
-6.5%
16.5%
549.1
4.1
553.2
461.5
-164.9
243
25.6
346.4
206.7
37.4%
65.7
5.0
136.1
33.1
28
35.9
100.2
21.8
—_— ‘Suraj’- Leading Real Estate Developer in South Central Mumbai (SCM) 1.6+
45
Completed projects across residential & commercial segments
f
Million sq.ft. constructed in prime locations in the South-Central Mumbai
B
\
\
—o
19
o
Upcoming Projects
3 8
Years of experience in the real estate market of South-Central Mumbai region
|
e
o
1 0
Ongoing Projects
Leading player in redevelopment scheme 33 (7). This allows to build scale in capital light business model
»»H»
One of the Market Leaders in Redevelopment Projects in SCM*
Sl ULl S Central Mumbai (SCM)
ONE OF THE MARKET LEADERS IN REDEVELOPMENT
Value Luxury 1 BHK and compact 2 BHK flats
—_—
N
Mahim
Matunga
Dadar
Luxury
2/3/4pHK fiats
el Prabhadevi
Parel
263
Projects Launched in SCM sub-markets
l 160 (~61%)
Redevelopment Projects
l
l 103 (~39)
New Projects
l
Commercial Built-to-suit model for select clientele & boutique offices
p
Bandra
(upcoming market)
D Suraj’s Market Share
))‘
)) Note: *SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel: Cumulative from 2016 to 2022
Source: Company Commissioned Anarock Report
Redevelopment Expertise
Timelines
Identification Of Land Bank (Plot Size, Title, Location, Tenant Density& FSI Scheme)
Step 1
Zero Date
Acquisition of land by way of Conveyance / Development Rights / JDA
Step 2
4-6 Months
Obtaining 51% consent of tenants for redevelopment
Step 3
3 Months
Obtaining 10D for the project
Step 4
3 Months
Site vacation and demolition of old structure
Step 5
3 Months
Obtaining CC and RERA registration
Step 6
3-4 Years
Construction time period — 3 years for G+22 Storey Building and upto 4-5 years for high rise development from G+40 to 50 Storey
Step 7
3 Months
OC and Handover of Possession
»H»
10
- SCM : A Lucrative Micro Market In Mumbai
10
ONGOING PROJECTS
;57
\
DEVELOPABLE AREA 14,72,172
CARPET AREA 4,68,648
By
19 UPCOMING PROJECTS
ESTIMATED CARPET AREA 12,20,307
2 e 7
RSN
Kolitns
oig®est
O, Aghs ozt
.D.mr(wesmm 2
AT
WORLL
Parel s
Dynamics of SCM Market
Large pool of old/dilapidated buildings
S
Close proximity to key locations such as BKC, Worli
/ sea link, Lower Parel, etc
One of the few locations which allows residential +
/ commercial projects to be constructed
*
Improving infrastructure via multiple government
. / projects
))% )
Note: *SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel Map Not To Scale
11
Our Journey Spanning Over 38 Years
p e D
[ ]
L]
Incorporated as a private limited company
Completed maiden residential project at Mahim (W)
Delivered a building at Dadar (W) to a public sector bank
Delivered ‘ICICI Apartments’ at Dadar (W) as office quarters
Delivered 14 residential apartments in Dadar (W) to CCIL as office quarters
2017
Delivered a commercial building ‘Saraswat Bank Bhavan’ at Prabhadevias corporate office to Saraswat Co-operative Bank
Delivered a commercial building ‘CCIL Bhavan’ at Dadar (W) as corporate office for CCIL
) Entered the luxury residential
segment in SCM with launch of the flagship “Palette” at Dadar (W)
Raised Rs 2000 million term loan from Piramal Capital & Housing Finance for luxury projects
» Launched a sea facing luxury project
‘Ocean Star’ at Dadar (W)
@ Forayed into value luxury
L]
segment with a project at Dadar (W). Started 1BHK apartments
Launched another value luxury project at Dadar (W)
»iH»
L ]
L]
L
@ Launched two value luxury projects at Mahim (W)
@ Concluded 2 commercial sale transactions with Saraswat and CCIL
Launched value luxury project Suraj Parkview 2 at Dadar (W)
® Availed debt from ICICI Ventures through a subscription model towards NCD
® %"
Entered into Society Redevelopment (Asset Light Model)
Availed new debt from Axis Finance 10%
Availed New debt of Rs 175cr from Indusind Bank
Raised Rs 400 cr via Listing on BSE and NSE
Launched a value luxury/luxury residential project ‘Suraj Lumina’ at Mahim west
Raised Rs 343 cr via Preferential Allotment and Issue of Warrants
.Proven Track Record Of Delivering Residential And Commercial Projects
Residential and Commercial Projects
Timeline of completed projects
9
85,649
8 159,720
2,04,957
240412
165418
90,386
1990-1995
1996-2000
2001-2005
2006-2010
2011-2015
2016-2023
Developed areas
Consultant and Contractor Relationships
Architects and Structural Consultants
ARCHITECTS
I *’
@ JW CONSULTANTS LLP
Architect Hafeez Contractor
CHANDRASEKHAR KANETKAR ARCHITECTS
-
Mangirish, Dadar
STERLING ENGINEERING CONSULTANGY SERVIGES PANATE LHITED
SSC S-Struct
Consultant
— N e ot
Civil Contractors
3 FEM
o ACC ACC INDIA PRIVATE LTD.
))% ))
CCIL Bhavan Phase |
: Upto 6t" floor
Saraswat Bank Bhavan : Upto 7t floor Phase |
Comparison Of Various Business Models In MMR Region
parameters
Land Status
Upfront Capital Requirement
Moderate
Conveyance / DA
Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7)
Redevelopment of Society Under DCPR 33(7) B
Vacant Land- Development
Normal
Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has Sl Upside of Clubbing Scheme notified under 33(7)
DA
Low
Conveyance / JDA
High
Inherent FS| of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width
Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 +
35% Funglble- l?y way of Payment of TDR / Additional FSJ Premium dependingon Road Width
FSI
Land Cost
Approval Cost
Availability of Plots in MMR Region
Tenant Consent for Redevelopment :;':I:ed Turnaround Time & Litigation
Mortgage of Land for Project Finance
Project Turnaround Time
Property Maintenance Cost
EBIDTA Margins
ROE / ROCE
Sacalability
No of Ongoing U Under Each Category
BONE &
& Upcoming Projects B
Frol
Moderate
Negligible
High
Lower Cost due to Concessions
High Approval Cost
High Approval Cost
High
51% Moderate
Yes
Moderate
Low
High
Moderate
High
High
51% Moderate
No
Moderate
Moderate
Low
High
High
.
22 Projects
. 3 Projects
Low
Not Applicable Low
Yes
Low
High
Moderate
Low
Low
. 4 Projects
»H»
14
gl
C PETITIVE STRENGTHS
s
- Competitive Strengths
Diversified Portfolio Across Value
Luxury And Luxury Segments
Present Across Price Points, Unit Sizes And Sub-Markets In The SCM
Marketing & Sales Strategy
High Engagement Levels Through The Customer
Lifecycle Create Network Effect
Experienced Board Of Directors With A Proficient Team Committed To The Brand’s Philosophy
Established Real Estate Brand In SCM
Strong Expertise In Tenant Settlement In Redevelopment Projects
Leading Market Position & Ability To Sell During Construction Phase
Redeveloped houses for 1,011 tenants free- of-cost
Strong Project Pipeline and Cashflows
Market Opportunity
»H»
Freed up considerable FSI for commercial development
16
- Established Residential Real Estate Brand in SCM
IEEEding Market Position & Ability To Sell During
Construction Phasclllil
60%
In terms of supply of ; units
1St
16%
13%
11%
Suraj Estate Developers #1
Developer #2
Developer #3
Developer #4-#10
60%
In terms of absorption, in units
15%
j - -
12%
12%
Ongoing Residential Projects
. Project F——
Project s evelopa ble Area (ninsn )
sal ale Carpet Area (akhosq f)
Area Sold (mkhs Sq ft)
Unsold Area (akhs sqft)
Sales " Achieved ARESd
Avg - Realisat on(rs cr)
:
Collection " s Received Ao
1|
Luxury
7.48
2.40
236 | 004 | 1,135.19 | 48050 |
80267 |
98%
2
| value Luxury
5.71
1.65
162
0.03
661.30
| 40,821 |
349.16
98%
Suraj Estate Developers #1
Developer #2
Developer #3
Developer #4-#10
33
3
Value Luxury / Luxury
1.04
0.22
015
0.08
67.34
46,364
1135
65%
In terms of absorption value
14
13 l l i
10
19
Total
14.72
4.69
4.52
0.15
2,067.99
1,295.06
))% )
Source: Company Commissioned Anarock Report Note: Market Share among top10 developers ; SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi & Parel ; Cumulative from 2016 to 2023 (Q1)
Developer #1
Developer #2
Developer #3
Developer #4
Suraj Developers #5
Developer #6-#10
17
- Diversified Portfolio Across Value Luxury And Luxury Segments (1/2)
IBrEsent Across Price Points, Unit Sizes And Sub-Markets In The SCVIN
i
Carpet Area For Sale
9%
Carpet Area Sold
9%
Total 4,68,648 [t sq.ft.
Total 4,54,222 s; fl'
i Upcoming Projects | 1
-
(N
Estimated Carpet Area For Sale**
e 12,20,307 sq.ft.
/ Luxury M Value Luxury [ Value Luxury
B Luxury
Commerical
Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 874 cr
Note :** Estimated Carpet Area for Sale has been calculated based on certain assumptions and estimates made by the company. The actual Carpet Area may vary from the estimated Carpet Area presented herein on the basis of plans approved by the Brihanmumbai Municipal Corporation
18
Source: Company
PHI
- Diversified Portfolio Across Value Luxury And Luxury Segments (2/2)
I Ghgoing Projects : Presence across unit sizesand price pointsil
No. of offerings
12
6
Value Luxury Ticket Size : INR 10-30 mn
4
4
A4 v/
[N
: : 1 (N} (N} [ [N [N n
[N 1 (N} hH T
Luxury Ticket Size : INR 30-13 mn
3
2
1
|
1
[
300-400
400-500
500-650
650-800
,l
\\
800-950
1000-1300
1300-1500
1800-2200
_____ @- - @@ mmm e e =T
|
|
/
k
\
!
\‘w/ | 2 BHK
~- . e _@--@-——————————
T
/
T \
\/ | \ 3 BHK
! )
\
\/ \ Y
4 BHK
\
| \
\Va | Y 1 BHK
43%
Share of Value Luxury in Ongoing
Projects (by carpet area)
»H»
61% Share of Value Luxury in Upcoming Projects (by carpet
area)
Share of value luxury in new launches continues to increase
Better demand from end users
\% \% Better Sales Volume and Velocity
19
- Strong Expertise In Tenant Settlement In Redevelopment Projects
- Trac‘cord of Ten.SettI-
Redeveloped houses for 1,011 tenants free-of-cost
A
4
Freed up considerable FSI for commercial development
Preferred Redevelopment Developer
As most land parcels in SCM are in the nature of redevelopment projects, tenant settlement is key to unlock value
Tenant Building — Ave Maria
16 out of 18 residential projects launched by
Suraj are redevelopment projects
))
)
Source: Company Commissioned Anarock Report Note: (1) SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi, and Parel cumulative from 2016to 2023 (Q1)
160utor 19 upcoming projects are
redevelopments
/
20
Marketing & Sales Strategies
-
Marketing Team
>
ldentifies target market groups and uses promotional tools to attract them
Sourcing Team
Interacts with channel partners to drive walk-ins at the site
>
<
Customer Centric Approach Continuous customer engagement during and after sale and delivery strengthens the brand, creating goodwill
IS Sales Closing Team
>
Dedicated team focusing on deal closure
4 Customer Care Team
>
Assists customers throughout initial
booking to handover of their homes
Increasing Sales A stronger brand and wider sales network drive sales growth
=
Customer Goodwill Customer goodwill translates into significant customer referrals, expanding sales network
»H»
21
- Market Opportunity (1/2)
INVINVIR is the top performer* in overall residential real estate activityiN
Supply
Absorption
CAGR in value terms over a longer term
New launches in 2024 are likely to be almost 2 times as compared to 2021 levels and are expected to gradually increase year-on-year
post 2023
(No of units)
Il VMR [ Others
@) One of the biggest real estate markets in India
® Strong housing demand drivers, led by infra and higher
disposable income
@ consolidation leading to disciplined supply
@ Positive Pricing Outlook
Unsold units overhang
Source: Company Commissioned Anarock Report. *Among Top Seven Indian Markets in 2022 Note : 1.
* MMR — Mumbai Metropolitan Region
))% ))
2. Supply and absorption data for 2022 ; others include NCR, Bengaluru, Pune, Hyderabad, Chennai ,Kolkata
22
- Market Opportunity (2/2)
-pmen. large, ongoing 'rtuni
52,000 units
Supply from redevelopment projects** from 2017 to Q12023 in MMR, majorly in SCM
19,642
16,502
Cessed buildings - buildings more than 50 years old that need redevelopment inSCM
Buildings that are more than 80 years old and need development in SCM
o
High income, discerning customer base
o
Aspirational value/premium product positioning
o
o
o
High demand across multiple segments and price points
Family expansion/nuclear family trends have generated demand for housing in the same and neighbouring submarkets
Benefiting from expanding segment of young, upwardly mobile professionals with a preference for living in the island city of Mumbai
SCM Supply* (In units)
SCM Absorption* (In units)
Maijor Launches since 2021
Gradually improving pricing
I New
I Redevelopment
Suraj’s share
87% Share of redevelopment projects in Suraj’s portfolio
8% Suraj’s market share in redevelopment project launches
B supply (in no of units)
2980
I Absorption (in no of units)
20 i
40
40
oo m
Ao
Pabadei
Hetga ] Dadat ™
423 432
weoun
oo
a9 2w W Q)
Source: Company Commissioned Anarock Report. MHADA * Combined Markets include sub-markets Mahim, Matunga, Dadar, Prabhadevi and Parel; cumulative from 2016 to 2023(Q1)
))
)) ** cessed buildings redevelopment or housing societies redevelopment
2019
2020
2021
2022
2023(Q1)
Mgy )
23
Experienced Board Of Directors...
Rajan Meenathakonil Thomas PROMOTER , CHAIRPERSON & MD
Sujatha R. Thomas NON-EXECUTIVE DIRECTOR
Education: B.A.
Education: B.A.
Experience : 37 Years of experience in various aspects of real estate business
Experience : 30 Years of experience in various aspects of real estate business
Rahul Rajan Jesu Thomas WHOLE - TIME DIRECTOR
Education: B.Com, Corporate Finance certificate from Harvard University
Experience : 16 Years of experience in various aspects of real estate business
Elizabeth Lavanya Rajan Thomas NON-EXECUTIVE DIRECTOR
Education: Master of Liberal Arts in Management from Harvard University, MBA from Cardiff Business School
Experience : 15 years of experience in Agricultural Technology Deployment and Consulting, collaborating with Fortune 100 companies, Agritech, Fintech and government agencies
Sunil Pant INDEPENDANT DIRECTOR
Dr. Satyendra Shridhar Nayak INDEPENDANT DIRECTOR
Jitendra Shantilal Mehta INDEPENDANT DIRECTOR
Vinod Prabhudas Chitore INDEPENDANT DIRECTOR
Education: B.Sc.,LLB, M.Sc (Physics),member Institute Of Bankers and All India Management Association
of the Indian
Experience : 36+ years of experience in banking
Previous Stint : Chief General Manager at SBl and consultant at Gerson Lehrman Group
»i»
Education: M.Com, Doctor Of Philosophy
Experience: Experience in Consulting
Previous Stint : President at Unit Trust Of India; served on the board of Bharat Wire Ropes Limited
Education: CA, CS, ICWA
Experience: Has 36 years of experience in the fields of Finance, Taxation, Accounts, Information Technology, HR & Administration and Corporate Secretarial Matters.
Further he has been advising various Real Estate Companies on above matters.
Education: Bachelor Of Civil Engineering from Amravati University
Experience: He has served as Director in Maharashtra Real Estate Regulatory Authority (MAHARERA), Chief Engineer, Municipal Corporation, Mumbai, Deputy Municipal Commissioner, Municipal Corporation, Mumbai.
24
Senior Key Managerial Personnel
Shreepal Shah CHIEF FINANCIAL OFFICER
Mukesh Gupta COMPANY SECRETARY
Education: B.E, MBA
Education: Member of ICSI, M.com, LLB
Previous Stint : Kotak Investment Banking, P. Raj & Co.
Previous Stint : Peninsula Land, Terraform realty
Gopal Barve CHIEF ENGINEER OF SUBSIDIARY OF THE COMPANY, ACCORD ESTATES PRIVATE LIMITED
Education: B.E., associate member of The Institute Of Engineers (India)
Previous Stint : Siddhivinayak Builders, Abhay Raut, Architect & Interior Designer & Others
Anand Vyas VICE PRESIDENT - SALES
Sunny Soni VICE PRESIDENT & BUSINESS HEAD - SALES
Jitendtra Gupta
Palak Dani Mansotra
HEAD PROJECT MANAGEMENT
CHIEF MARKETING OFFICER
Education: PGD in Marketing
Education: Masters in Marketing
Previous Stint : Provenance Land, K Raheja a Corp Pvt. Ltd, Radius Developers
Previous Stint : Lodha, Omkar Realtors & Developers, Deutsche Bank, Ruparel Realty, Puranik Builders, Nahar Group
Education: B.E (Civil)
Previous Stint : Viceroy Property, Radius Developers, The Wadhwa Group, K Raheja Corp
Education: Executive MBA from [IM Calcutta, Digital Marketing Degree from MICA and PR and Advertising Degree from Welingkar
Previous Stint : Chief Marketing Officer at Runwal Group, Head of Marketing at K Raheja Group
»iH»
25
KEY BUSINESS STRATEGIES
3. Expand Land Reserves in SCM and Other MMR Sub-markets
5. Continue to focus on redevelopment projects through asset light model
Key Business Strategies
1. Enhance Market Leading Position in SCM
Upcoming projects to consolidate our positioning in SCM and expand in to Bandra sub-market
802,675 sq. ft. Developable area completed from 2016 to FY25
—_— 4,68,648 sq. ft. Sale carpet area under Ongoing Projects (2023-2026)
o Follow flexible land acquisition strategies (outright purchase, JVs, JDs, and development management) to benefit from emerging consolidation opportunities
o
Land parcels situated at Bandra (West) and Santacruz (East) for future development
o
FSl potential of more than index 2.0
o Consolidation in the real estate industry creating
————
opportunities
12,20,307 sq. ft. Carpet area under Upcoming Projects
Source: Company Commissioned Anarock Report Note: Upcoming and ongoing projects as of May 31,2023
2. Continue to pursue our differential product offerings in value luxury segment
Strengthen presence in value luxury segment, currently witnessing a strong demand trend, resulting in better sales volume and velocity
»iH»
4. Selectively develop commercial projects in the SCM region
Take advantage of increasing demand for smaller independent offices and develop commercial spaces to create value through complimentary asset classes
Follow asset light strategy to reduce upfront land
acquisition costs
Capital Efficient
Reduces upfront land acquisition costs
Leverages our expertise and brand
Asset light model for redevelopment of co-operating housing society buildings under DPCR 33(7)(B)
@ FocusonSCM
@ Suraj has concluded agreements for redevelopment
schemes with two co-operative societies in the recent past
@ Opens up significant opportunity to expand into other
micro-markets in MMR
27
Developer of the Year 2020
By CNN- News 18
Developer of the Year 2022
By CNBC Awaaz
Brand of the Year 2022
By CNBC-Awaaz
Developer of the Year Residential 2022 By Business Standard
Iconic Developer of the Year 2022 By Mid —Day
Promising Developer of the Year 2023 By Ace Alpha Awards
P
40 under 40 Mr Rahul Thomas By Realty+
LifeTime Achievement Award to Mr Rajan Thomas By ET NOW
Luxury Realty Partner Award 2024 at ET NOW Realty Convention & Best Realty Brands
S
»H»
28
HISTORICAL FINANCIALS
v VT
.\ YIRS, seceeosenenittCTIEESE -0 v 1Lt o igs
Consolidated Profit & Loss Statement
-
Particulars
Revenue from operations
Other income
Total income
Expenses
Operating and project expenses
Changes in inventories of construction work in progress
Employee benefit expenses
Other expenses
Total expenses
*EBITDA
EBITDA Margin (%)
Finance costs
Depreciation and amortisation
PBT
Tax expense:
- Current tax
- Income Tax for earlier period
- Deferred tax charge/ (credit)
Total tax expense
Profit after tax
EPS
FY25
549.1
4.1
553.2
461.5
-164.9
24.3
25.6
346.4
206.7
37.4%
65.7
5.0
136.1
33.1
0.0
2.8
359
100.2
21.8
FY24
412.2
3.5
415.7
222.0
-86.9
14.5
29.7
179.3
236.4
56.9%
138.9
3.7
93.9
28.1
1.3
-3.0
26.4
67.5
19.4
FY23
305.7
2.1
307.9
166
-31.3
11.6
8.4
154.7
153.1
49.7%
107.4
2.6
43.2
13.6
-24
11.1
32.0
10.1
FY22
272.7
1.2
273.9
180.7
-55.7
9.7
6.2
141
132.9
48.5%
93.1
3.7
36.2
10
-0.4
9.6
26.5
0.8
SURAJ
Rs Crs. FY21
240
4
244
164.2
-22.3
76
3.9
153.4
90.6
37.1%
79.2
24
9
2.8
-0.1
2.8
6.3
0.2
))% )
Note : *EBITDA includes other income
30
Mar-25
Mar-24
Mar-23
Mar-22
Mar-21
Particulars
Mar-25
Mar-24
Mar-23
Mar-22
Mar-21
Consolidated Balance Sheet
Particulars
ASSETS
Non-current assets
-
a) Property, plant and equipment
b) Intangible assets ¢) Right-of-use-asset
d) Financial assets - i) Investments i) Other financial assets
e) Deferred tax assets (Net) Total Non-Current Assets
Current assets a) Inventories
b) Financial assets i) Current Investments ii) Trade receivables
-
iii) Cash and cash equivalents
iv) Bank balances v) Loans vi) Other financial assets
235
9.2 4.2
0.0 8.9
33 29.1
22.5
10.8 41
0.0 11.1
6.5 55.1
3.4
12.1 0.3
89 22.7
3.5 50.8
3.8
12.7 1.2
01 4.5
1.1 234
4.9
14.2 2
11 2.8
0.8 2538
904.1
739.2
652.3
621
565.3
29 s65
14.0
25.1 21.6 3.2
1.4 1067 |
|
-
-
772 |
932 |
- so7 |
5.0
105.3 6.9 3.2
12.1
15.9 8.2 3.9
77
15.9 24.1 2.1
76.1
6.8
14 23.6 7.9
67.6
c) Other current assets
669.0
266.7
183.0
d) Current income tax assets (Net) Total Current Assets
0.9 1697.4| T
0.9 12353| T
0.8 953.4 | 3
0.5 8406 | 3
0.2 7662 | 3
EQUITY AND LIABILITIES
Equit\( a) Equity share capital b) Other equity
—
- Other reserves - Capital reserve related to business
Total Share (Eapital Non-Controlling Interest Total Equity Liabilities
Non-current liabilities a) Financial liabilities i) Borrowings ii) Lease liabilities iii) Other financial liabilities b) Provisions Total Non-Current lial Current liabilities |@LFinancialliabilities i) Short term borrowings ii) Trade payables
23.1
21.4
15.9
15.9
6.4
896.5 | -17.0
511.7 -17.0
71.7 -16.1
39.4 -16.1
902.7 0.0 902.7 | 5162 |
516.2 0.0
714 0.1 715 |
39.2 0.2 39.4 |
229 -0.1
29.1 0.2 294
343.0 33 8.0 1.6 356.0 |
240.3 345.7 3.5 0 6.4 4.6 1.6 1.1 251.8 | 3514 | 4025 |
396.6 0.4 4.5 1
464 15 3 0.9 469.5
113.3
185.3
247.4
241.6
136.4
- Amount due to Micro and small enterprises -/:mol{ntdue to other than Micro and small enterprises iii) Other financial liabilities iv) Lease liabilities
b) Other current liabilities |CLProvisions d) Income tax liabilities (Net) Total Current liabil
0.0 0.9
20.5 13
279.5 0.2 30.2 487.9
0.0 35.9
61.4 06
222.3 0.1 16.8 522.4
0.1 26.8
48.7 04
243.7 0.1 14.1 581.3
0.2 191
45.0 1
108.2 0.1 6.8 422.1
864.0
0.4 138
325 0.8
108 0.1 1.2 293.1
792.0
31
TOTAL ASSET
»H»
17465 | 1,290.4 |
1,004.2
864.0
792.0
TOTAL LIABILITIES
1,746.5|
1,290.4|
1,004.2|
Consolidated Cash Flow Statement
CASH FLOW FROM OPERATING ACTIVITIES
Particulars
FY25
FY24
FY23
FY22
FY21
SURA]J
Rs Crs.
Profit before taxes
136.1
93.9
43.2
36.2
9.0
Adjustments for Interest expenses/income, depreciation
Operating profit / (loss) before working capital changes
Changes in Working Capital
Direct Taxes (Paid)/Refund Received
67.6
203.7
-509.1
-19.1
142.3
236.1
-210.0
-17.1
106.7
149.9
45.0
-6.4
93.8
130.0
-55.6
-4.6
80.3
89.4
-103.1
-1.2
Net Cash Generated / (Used) in Operating Act
-326.4
9.0
188.5
69.8
-14.9
Net Cash Generated / (Used) in Investing Activities
78.6
-89.7
-27.1
-21.1
-12.3
Net Cash Generated / (Used) in Financing Activities
237.8
70.2
-155.7
-44.7
27.0
Cash and cash equivalents at beginning of the period/ year
Cash and cash equivalents at end of the period/ year
Net Increase/ (Decrease) in cash and cash equivalents
»H»
13
113
10.1
11.8
13
-10.5
6.1
11.8
5.7
2.1
6.1
4.0
2.4
2.1
-0.2
- Ongoing Residential Projects
The Palette
Ocean Star-|
Emmanuel
This project is in the Luxury Segment and comprises of 3 BHK sea facing apartments with just 2 units per floor with floor to floor height is 12 feet 6 Inches
It is strategically located in the close proximity of Dadar Beach
This project is in Luxury Segment and comprises of 2 BHK flats and 3 BHK flats which are sea facing apartments
One of the main USP of this project is the floor to floor height of 12 feet 6 inches
The development will include facilities and amenities such as clubhouse, swimming pooland landscaped garden, amongst others
It is strategically located between Portuguese Church and Siddhivinayak Temple
This project is in the Value Luxury Segment
Itis a 38- storey tower and comprises of 1 BHK flats and 2 BHK sea facing apartments. This project has a dedicated 7- level podium parking. It is strategically located at Lady Jamshedji Road, Mahim (West) and is in the close proximity of Mumbai's Shivaji Park
This development will include a dedicated amenities floor admeasuring of a 1,000 square feet gymnasium, kids play area, banquet hall, jogging track, amongst others
This project is in the Value Luxury Segment and comprises of a Ground + 20 storey tower and having 1 BHK flats and compact 2 BHK boutique sea facing apartments
It strategically located off Cadell Road and is in close proximity of commercial hubs at Lower Parel and Worli, malls, theatres and parks
The development will include gymnasium and all other essential amenities
»H»
34
- Ongoing Residential Projects
Suraj Eterna
Park View
Suraj Lumina
This project is in the Value Luxury Segment. It is a 20- storey tower and comprises of 1 BHK flats and 2 BHK sea facing apartments
This project has a separate mechanized tower car parking. It is strategically located in between the Lady Jamshedji Road and Tulsi Pipe Road, Mahim (West) and is in the close proximity to the upcoming Sitladevi Metro Station
This development will include gymnasium, kids play area, yoga / meditation area amongst others
»H»
A value luxury project with round the clock security, elevators, mechanized tower parking, elegant interiors and more
Project is in the verdant Shivaji Park neighbourhood
The project comprises of both 2BHK and 3BHK configurations
It provides facilities, such as mechanized tower car parking, 24/7 security fire safety provisions, open sky garden, fitness center, rainwater harvesting system, among others. The apartmentsin the project have sea view
It has close proximity to some of the key landmarks such as Shivaji Park, Hinduja Hospital and Bombay Scottish School
Additionally, the project extends right blend of opportunities and offerings, be it drive to Bandra Kurla Complex for work or Palladium with friends, it is just minutes away.
35
- Summary Of Ongoing Projects
Particulars
Particulars
Area Sold (Lakh Sq Ft)
454
Average Realisation Achieved (Rs per sq ft)
45,528
Collections Received (Rs Cr)
Balance Receivable (Rs cr)
1,295
800
Total Unsold Area (Lakh Sq Ft)
0.15
Average Estimated Realisation Of Unsold Area (Rs Per Sq Ft)
50,426
Estimated GDV of unsold area (Rs cr)
8
»H»
Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 874 cr
36
-.Completion Targets For Ongoing Projects
GDV of Rs 74.79 cr from unsold area of ongoing projects
Balance receivables of Rs 799.53 cr to flow from FY26-FY29E from area sold and balance unsold area
FY26
Suraj Emmanuel
The Palette
»H»
Eterna
Park View
Ocean Star
FY27
Suraj Lumina
37
_— Ongoing Projects
Project Name
Location
Segment
Completion Date (As Filed with RERA)
Developable Area
Sale Carpet s
Unsold Area
Sales Achieved
Avg Realisation
Collections Received
1|
2
3
4|
5
6
7
8
9
Vitalis
| surajEterna
| palette
Ocean Star-I
Mahim (W) | Residential
| Value Luxury
Mahim (W) | Residential
| Value Luxury
Dadar (W)
| Residential
| Luxury
Dadar (W)
| Residential
| Luxury
fig::)ha"a" (Phase-ll-Additional 2.5 | 14 w) | Commercial | Commercial
| surajParkview2
Dadar (W)
| Residential
| Value Luxury
31-12-2026
31-12-2026
31-12-2025
30-06-2026
30-06-2025
31-12-2026
:fi::rs‘s';a‘ Bank Bhavan (Additional 2.5
| o
b evi | Commercial | Commercial
Not Applicable
| Mestry House
| Emmanuel
Mahim (W) | Residential
| Value Luxury
Not Applicable
Dadar (W)
| Residential
| Value Luxury
30-12-2025
10
| SurajLumina
Mahim (W) | Residential
| Value Luxury/ Luxury
31-12-2028
3.49
061
296
252
027
064
022
017
0.79
1.04
081 |
o081
-
338.39
21,553
033 |
030 |
o003
11486
37,965
180 |
176 |
o004
819.14
6,577
060 |
060
024 |
024
021 |
o021
017 |
017
001 |
o001
028 |
028
-
-
-
-
-
-
316.05
52,343
96.51
9256
40,068
44,343
107.65
61,999
453
34,920
11096
39,434
022 |
015 |
o008
6734
16,364
15374
66.26
502.63
210.04
51.49
29.43
80.39
0.90
78.84
1135
Total
»H»
1472
269 |
458 |
015 |
2,067.99
1,205.06
38
- Strong Project Pipeline and Cash Flow Trends
Sr. No.
Project Name
Location
Ty,
Segmen
Estimated Carpet Area for sale* (lakh sq.ft)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Suraj Vibe (Final Plot No 426-A & Final Plot No 426-B)
Mahim (W)
Commercial
Commercial
Suraj Parkview 1
Dadar (W)
Residential
Value Luxury
Suraj Aureva (Kowliwadi & Kripasiddhi Building)
Prabhadevi
Residential
Value Luxury
JRU Property
Byculla(E)
Residential
Value Luxury/ Luxury
Gudekar House, Irani Building and Ratnabhumi Bld
Dadar
(W)
Residential
Value Luxury
Madonna Wing B
Lumiere Phase 2
Lucky Chawl
Bandra Project 1
Bandra Project 2
Bandra Project 3
Marinagar Phase -2&3**
Marinagar Phase -2&3**
Lobo Villa & Ellis Villa***
Girgaonkarwadi
Ambavat Bhawan
Norman House
Nanabhai Manzil
Shivaji Park
Total
Dadar (W)
Residential
Value Luxury
Dadar
(W)
Residential
Value Luxury
Mahim (W)
Residential
Value Luxury
Bandra (W)
Residential
Value Luxury/ Luxury
Bandra (W)
Residential
Bandra (W)
Residential
Luxury
Luxury
Mahim (W)
Residential
Value Luxury
Mahim (W)
Commercial
Commercial
Mahim (W)
Residential
Value Luxury
Mahim (W)
Residential
Value Luxury
Lower Parel ( E)
Residential
Value Luxury
Dadar
(W)
Residential
Value Luxury
Mahim (W)
Residential
Value Luxury
Dadar
(W)
Residential
Luxury
2.09
0.53
0.24
0.21
0.33
0.14
0.20
0.15
0.46
0.89
0.35
1.71
2.00
0.30
2.00
0.17
0.07
0.20
0.16
12.20
Notes : *Estimated Carpet Area has been calculated based on certain assumptions and estimates made by us. The actual Carpet Area may vary from the estimated Carpet Area presented herein based on plans approved by the Brihanmumbai Municipal Corporation (BMC).
** Marinangar Phase 2- Post settlement of litigation with OLV & OLPS Society. Marinagar phase -3 : The company won a bid for obtaining development rights of land component with 5 existing buildings thereon.
*** project Land for Lobo Villa & Ells Villa Acquired post 31 March 2024
>
39
Land Reserves
n
Location
Name of
. company/entity that is
)
the developer of the
project
Company’s /Entity’s
effective stake in the
R
R
4
ect (%)
roject
[
C.T.S.N0.918 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd.
C.T.5.N0.930 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd.
C.T.S. No 917 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd.
C.T.S. No 929 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd.
C.T.S. No 931 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd
C.T.S. No 916 Mount Mary, Hill Road, Bandra (W)
Accord Estates Pvt. Ltd
100
100
100
100
100
100
Leased/
Owned/Developmen . ights G
Plot Area
Square Meters
Leasehold Rights
1,173.57
Owned
364.21
Development Rights
3,884.91
Development Rights
1,740.12
Development Rights
890.29
Development Rights
1,578.25
CS No 3429, 3430 and 3262 - Kole Kalyan Property, Santacruz (E)
Suraj Estate Developers Ltd
100
Development Rights
N
728.42
Total Bandra (W)
9,631.35
1
2
3
4
5
6
7
Total
»H»
Total Santacruz (E)
728.42
10,359.77
40
Completed Projects
Project Name
Location
Type and configuration
Name of company/entity that is the developer of the project
1| 2| 3| 4| 5|
6
7 8 9 10|
11|
12|
13
14|
15|
16
17|
18|
Louisandra AveMaria Nivana** Tranquil BayIl Tranquil Bay-1
| Ocean Star-i
Dadar (W) Dadar (W) Parel (East) Dadar (W) Dadar (W)
| Residential | Residential | Residential | Residential | Residential
Dadar (W)
| Residential
Suraj Estate Developers Suraj Estate Developers Suraj Estate Developers Suraj Estate Developers Suraj Estate Developers
Suraj Estate Developers
| Mon Desir | Mangirish | stAnthony Apartments Brahmsidhhi chs Saraswat Bank Bhavan (Phase- 1-upto 7th floor
Dadar (W) Dadar (W) Mahim (W) Prabhadevi
| Commercial / Residential | Suraj Estate Developers | Residential | Residential | Residential
Accord Estates Suraj Estate Developers Suraj Estate Developers
Prabhadevi
| Commercial
Suraj Estate Developers
Suraj Height -1
Goregaon (E) | Commercial / Residential | Suraj Estate Developers
Christina Apartments
Santacruz (E)
| Commercial / Residential | Suraj Estate Developers
Suraj Muktiyash
SurajSadan
Dadar (W)
| Residential
Mahim (W)
| Residential
Suraj Estate Developers
Suraj Estate Developers
;E:;Bhava" (Phase-lup to 6th | oo ()
Commercial
Suraj Estate Developers
Godavari Sadan
Rahuil
Dadar (W)
| Residential
Accord Estates
Dadar (W)
| Residential
Suraj Estate Developers
Company's / respective entity's stake in project
(%)
100 100 100 100
100
100 100 100 100
100
100
100
100
100
100
100
100
(square meter) 5,886 16,446 29,908 2,756.27 356.22 (FSlarea) 1,038.86 (FSlarea) 274908 5,850 183062 8,402.50
3,986.24
58207 (FSlarea)
4088 (FSlarea) 144167 (FSlarea) 499.69 (FSlarea)
5,949.68 (Flarea) 773.50 (FSlarea) 1,562.51 (FSlarea)
Developed Area
Date of Occupation certificate
Occupation certificate for all floors
(square feet) 63,360 1,77,021 3,01,882 29,668.49 383435 (Fs! area) 11,18229 (FS! area) 2959056 62,073 1650167 90,444.51
42,907.89
6331450 (FS! area)
4,400.32 (Fsl area) 15,5184 (FS! area) 537866 (Fs! area)
64,04235 (FS! area) 8,325.95 (Fs! area) 1681885 (Fs! area)
13/05/2024 Awaited 11-01-2025 13-03-2019/17-10-2022 15102011
Yes/No Yes (Part OC Received) No Ves ( Except for 10flats) Yes ves
26022015
Ves (Except for 4Flas)
27082015 06-12-2021 27-08-2021/29.00-2022 22-03-2006
16-102010
05021906
23-04-2003
12-03-1996
19-01-1994
13-02-2012
21-07-2003
14-07-1997
ves Yes ves Yes
Yes
ves
Yes
Yes
Yes
Yes
Yes
Yes
)) % )) (**Total Carpet Area for Sale reflects Group’s share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA)
41
Completed Projects
Project Name
Location
i
Type and configuration
i
i
EmRET company/entity thatis the developer of the project
Company's/ respective entity's i stake in project
19 | Rahul-11
Dadar (W)
Residential
20
| Vinayak Darshan
Dadar (W)
Residential
21
| Bobby Apartments
Mahim (W) | Residential
22 | surajventure-A
Mahim (W) | Residential
23
| surajVenture B
Mahim (W) | Residential
24
| Hallmark
Wadala (E)
| Residential
suraj Estate Developers
suraj Estate Developers
suraj Estate Developers
suraj Estate Developers
suraj Estate Developers
suraj Estate Developers
25 | Harmony
Dadar (W)
[ SurajEstate | Commercial/Residential| J%) # 2
-
26
| Neat House
Dadar (W)
Residential
27
| Madonna Wing A
Dadar (W)
Residential
28|
Our Lady of Vailankanni & Gurtady of Perpetunl Succour | Mehim W)
I
- | Residential
29
| our Lady of Lourdes
Mahim (W) | Residential
suraj Estate Developers
suraj Estate Developers
Surai Estate Developers
suraj Estate Developers
| JacobApartments
30 »H»
Dadar (W)
- | Commercial/ Residential|
[ SurajEstate () 27"
100
100
100
100
100
100
100
100
100
100
100
100
(square g
1,278.07 (FSl area) 866.25 (FSl area) 373.75 (FSl area) 1,250 (FSl area) 1,909.89 (FSl area) 4508 (FSl area) 370.09 (FSl area) 1,812.95 (FSl area) 995.3 (FSl area) 7,025.43 (FSl area) 1,680.48 (FSl area) 1,087.69
Developed Area
(square feet)
Date of Occupation certificate
.
@ e AR 2] floors
Yes/ No
13,757.15 (FSl area) 9,324.32 (FSl area) 4,023.05 (FSl area) 13,455 (FSl area) 20,558.05 (FSl area) 4,852.41 (FSl area) 3,983.651 (FSl area) 19,514.59 (FSl area) 10,713.40 (FSl area) 75,621.72 (FSl area) 18,088.69 (FSl area) 11,707.90
20-04-1993
03-12-1992
22-05-2003
03-11-1990
14-01-1992
30-11-2016
Yes
Yes
Yes
Yes
Yes
Yes
06-04-2010
Yes (Except for 4 Flats)
18-09-2000
07-08-1999
15-11-2003
07-10-1996
Yes
Yes
Yes
Yes
16-03-2006
for 4 Flats) Yes (Excep
42
Completed Projects
Project Name
Location
Type and configuration
Name of company/entity that is the developer of the project
Company's / respective entity's stake in project
Developed Area
Date of Occupation certificate
Occupation certificate for all floors
Gloriosa Apartments | Dadar (W)
Lavanya Apartments | Dadar (W)
Shweta Apartments | Dadar (W)
Sujatha Apartments | Dadar (W)
Suraj Eleganza -1
Mahim (W)
Residential
Residential
Residential
Residential
Residential
Suraj Eleganza -11__|
Mahim (W)
Residential
Eternity Apartments | Mahim (W)
ICICI Apartments
Dadar (W)
ICICI Apartments
Prabhadevi
Diomizia Apartments | Dadar NJ)
Elizabeth Apartment | Dadar NJ) ) Lumiere Dadar NJ) Mahadevachiwadi e
Parel
Residential
Residential
Residential
Residential
)
Commercial/ Residential [ Commercial/ Residential - Commercial/ Residential
)
Suraj Vista
Dadar (W)
) Elizabeth Apartment | {1
Elphinstone
Residential
- Residential
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
| Suraj Estate Developers Siddharth
New E::’:m'rise:
| Accord Estates
Suraj Estate Developers
!
Suraj Estate Developers
100
100
100
100
100
100
100
100
100
100 100
100
100
100
32
33
34
35
36
37
38
39
40
a1 2
3
2
5
Total
»H»
(square (square feet) meter) 3,34356 | 3599008 (Fslarea) | (FSlarea) 17,338.65 161080 | (FSlarea) | (Fslarea)
01-04-2005
12-03-2003
126526 | (Fslarea) | 800.15 (Fslarea) | 130247 | (Fslarea) | 163536 | (Fslarea) |
552
(Fslarea) | 133357 | (Fslarea) | 163148 | (Fslarea) | 137561 | (Fslarea) | 376984 | 3,880.06
3.01.2007
7082001
500199
25072005
13,619.26 (FSlarea) 8,612.81 (FSlarea) 14,019.79 (FSlarea) 17,603.01 (FSlarea) 5,041.73 (Fslarea) 14,35450 (FSlarea) 17,561.25 (FSlarea) 14,807.06 (FSlarea) 40,578.56 41,764.97 | 30-12-2020/29-09-2022)
41032000
2042010
0032007
27-032020
10022011
9,06185 | (Fsiarea) |
4733
97,54175 (FSlarea) 5,094.60 (Fslarea) 27,913.20 (FSlarea)
(Fslarea) | 259320 | (Fslarea) | 97,225.31 | 1046,543.20
27102015
15091996
2310199
Yes/ No Yes (Except for 4 Flats)
Yes
es
e
es
e
e
es
e
e
Yes Yes
ves
es
Yes
43
For further information, please contact
SGA Strategic Growth Advisors
Company :
Investor Relations Advisors :
Suraj Estate Developers Limited
CIN - L99999MH1986PLC040873
Mr. Ashish Samal
GM — Investor Relations
ashish.samal@surajestate.com
+91-9920778076
Mr Mukesh Gupta
Company Secretary & Compliance Officer mukesh.gupta@surajestate.com
022-24460707
www.surajestate.com
>»
Strategic Growth Advisors Pvt. Ltd.
CIN - U74140MH2010PTC204285
Mr. Rahul Agarwal
rahul.agarwal@sgapl.net
+91- 9821438864
Ms. Brinkle Shah Jariwala brinkle.shah@sgapl.net
+91-96193 85544
www.sgapl.net
44